Business

The Kenya Revenue Authority (KRA) has intercepted a truck loaded with contraband cigarettes in Busia County, in a bust that could have cost the government about Sh70 million in lost customs duties and taxes. The 40-foot container was tracked along the Busia–Mumias Road during an intelligence-led operation conducted by KRA’s …

Internet provider Mawingu has raised Sh2.6 billion from Pembani Remgro Infrastructure Fund II (PRIF II) to expand affordable broadband services in unconnected and underserved areas across Africa. The company said the financing will drive its goal of connecting one million people by 2028 through acquiring smaller ISPs and investing in …

Kenyans consumed a record 414,861 metric tonnes of liquefied petroleum gas (LPG) in 2024, representing a 15 percent increase from 360,594 tonnes in 2023, the Energy and Petroleum Regulatory Authority (EPRA) has reported. The growth has been attributed to government incentives such as the zero-rating of LPG, which has lowered …

Kenya’s inflation rate rose slightly to 4.6 percent in September 2025, up from 4.5 percent in August, largely due to increases in food, electricity, and transport costs, according to the Kenya National Bureau of Statistics (KNBS). Food and non-alcoholic beverages registered an 8.4 percent year-on-year increase, while transport costs went …

Kenya’s economy grew by 5 percent in the second quarter of 2025, an improvement from the 4.6 percent recorded in the same period in 2024, data from the Kenya National Bureau of Statistics (KNBS) shows. The growth was driven mainly by agriculture, forestry and fishing, which rose 4.4 percent, as …

Kenya and Belgium have entered into a bilateral agreement designed to eliminate double taxation and curb tax evasion for businesses and individuals operating between the two countries. The accord was signed on Tuesday, September 30, at the National Treasury headquarters in Nairobi by Treasury Cabinet Secretary John Mbadi and Belgium’s …

Diamond Trust Bank (DTB) has launched its 90th branch in Kilimani, Nairobi, marking another milestone in its nationwide expansion plan. The branch, situated along Lenana Road, will provide a full suite of services including personal and business accounts, loans, mortgages, cards, insurance, and investment solutions. DTB’s Director of Retail Banking, …

The Central Bank of Kenya (CBK) has announced plans to cap charges on person-to-person mobile money transfers, a decision likely to affect the revenues of Safaricom’s M-Pesa and Airtel Money. According to the regulator, most Kenyans continue to use mobile money mainly for simple transfers rather than advanced services like …

Equity Bank has announced a planned six-hour service disruption as it undertakes routine system maintenance. In a customer advisory, the bank said the “send money to other banks” service will be unavailable from 10:00 pm on Tuesday, September 23, 2025, until 4:00 am on Wednesday, September 24, 2025. Click here …

Ride-hailing company Bolt has introduced Bolt Send, a new parcel delivery service that enables users to request deliveries directly through the existing Bolt app. The service, which kicks off in Nairobi before rolling out to other towns, is designed to tap into Kenya’s fast-growing e-commerce sector and the increasing demand …